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WETA
Jan 25, 2013 8:30pm EST
, they will raise the debt ceiling to may 18. how will this impact president? >> what the house did it is illustrative of what will be ahead of us. they have not gotten over the defeat from november 6. we are going to tie everything to the debt ceiling, this budget crisis. they have no leverage over the president. they discover they have no leverage. now they have to find a way to back down. this is their face-saving device to kick it down the road until may. you will see more of this. the president is in a much stronger position of dealing with the congress and house republicans. >> you agree with that? >> i always respect colby's opinion. but i dissent, the president, like any other, absent a national event where he becomes the dominant central dramatic figure, watches his popularity be rationed out day by day. he is strong now. it is hard to believe he will be as strong one year from now. i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are expressing
FOX News
Jan 22, 2013 1:00pm PST
getting word that as expected the house will vote on the debt ceiling limit for another few months, pushing it back to may 19. the report on this possibility yesterday in washington for the inauguration, this this might be a face-saving gesture on the part of republicans to gather their duffs and buy some time with a president who at least for the time being is more popular than they. what do you make of the timing of this vote? -- and what they will gain? >> i think the republicans were concerned about public perception of them not doing anything and i think it's a bad idea. i mean, i think this kicks the can down the road. move people say, we want a solution today. we don't want to keep having this conversation. every couple of months, we talk about the debt ceiling, what good is a ceiling if you keep raising it and you don't make spending cuts to keep yourself under that number? it has no purpose. >> neil: i want to take a look at the corner of wall and broad. many argue the reason why it was up 62 points is the fact that, whew -- it's a relief they won't bring this to the brink
FOX Business
Jan 24, 2013 1:00pm EST
is prevalent, and the debt ceiling debate is going to further erode consumer confidence, people will not spend, and the rally might be in jeopardy. i'm a real basking of hopefulness and positivity. >> thank you so much. the unions, lou dobbs weighs in on dwindling union membership, but to the point, there's a rally holding on, but a rally nonetheless. >> that's right. the s&p right now, which was above 1500, 1502 to be exact a short time ago, back to the levels we saw in 2007. we're trying to hang on to the rally, but thinking the dow was up more than a hundred points, and now it's up 3 dlsh 4 -- 41. >> will the markets hold on despite with what's going on with apple breaking down? clinging to green, approached the 1500 level not seen in years. if we end higher, that's the 7th consecutive day of gains, the longest winning streak in more than six years for the s&p. >> and no longer the apple of wall street's eye. it pummeledded as they posted the fourth most profitable company ever. >> the state of the unions, organized work falling to new low levels. >> in all is fair in love and hair? where m
FOX Business
Jan 22, 2013 11:00am EST
their lives around. rich: the house tomorrow will vote to extend the debt ceiling to may 19, as long as the senate and house both pass a budget. if not, this bill prescribes that it gets held back is not. dagen: thank you. president obama mentioned just about everything from gun control to climate change in his inaugural address. one thing was almost missing, though. jobs. joining us with more is steve moore. he laid out his agenda, a whole host of things. why not focus on jobs. does he think that this recovery is so on track that jobless rate will continue to fall, steve? >> i was struck by that also. in the whole speech, he did not talk about jobs. he did not talk about private business and entrepreneurs. it was a very pro-government speech. the president has a big challenge ahead. we still have a near 8% unemployment rate in this country, chipolte, over the last four years of this suppose it recovery. i do not think he mentioned the word jobs in that entire speech. dagen: three times. we did a quick count. >> i stand corrected. dagen: if you go through the list of things that he c
CNBC
Jan 21, 2013 4:00am EST
for the eurozone, as well, it's not just about the debt ceiling, they have to get the debt down. the debt ceiling may get raised, but it's not being tackled long-term. >> it seems every single time consistently we get the opposite outcome. which means some areas are consistent and it raises debt levels going forward. >> it seems to me as though we can't fix this one because democratically it's not possible. why? because there are so many verses who are automatically vote to increase the debt because the number of people who own entitlements or benefits is relatively high. and i think you're seeing this failure both in the u.s., in germany and to an extent in the uk. >> the trouble is for all of those economies maybe some of the european ones are under pressure by the government. but the problem is, if you look at issues in the u.s., they're just so low. there's no ability to cut in the long-term. how do you push through entitlement reform and address those issues, especially if there's no market pressure right now? >> my sense is that you don't. i don't understand how that can be achieved and, th
PBS
Jan 27, 2013 6:00pm PST
of reaching an agreement on the filibuster, nothing profound, but that they will raise the debt ceiling to may 18. how will this impact the presidency? >> what the house did is a sign of what is ahead of us. they have not gone over the defeat from november. they have no leverage. they discovered they have the leverage and now have to wait to back down. this is a face-saving device to kick it down the road until may. the president is in a much stronger position in dealing with the republicans in the house. >> do you agree with that? >> i always respect colby's opinion, but the president, like any reelected president, essentially, absent a national event where he becomes a dramatic figure, watches his popularity be rationed out day- by-day. he is strong now. it is hard to believe that he will be as strong a year from now. what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are seeing a willingness, expressing willingness to let set in at the end of march, and that will mean anot
ABC
Jan 27, 2013 9:00am EST
november 6. we are going to tie everything to the debt ceiling.. now they have the letter. it discovered that they have no leverage. now have to find a way to back down. this is their face saving device to k kick it down the road until may.y. the president is in a much stronger position in dealing with the house republicans. >> agree with that? >> all with respect colby's opinion. the president, like any reelected president essentially, absent a national event where he becomes the dominant and central dramatic fire, watches his popularity be rationed out day by day. he is strong now. it is hard to believe he will be as strong a year from now. i think what we are facing iss not simply the debt ceiling. what we are facing is sequestratation, whihich are the automatic cucuts of more than a trillion dollars over 10 years whh many republicans are seeing a willingness, expressing a willingness toet set in at the end of march. that would mean another fight and struggle. >> all this will unfold in six months, not a ar from now. he is in a book could position to fight. >> was an interesting and l
FOX Business
Jan 25, 2013 4:00pm EST
that they back down on the debt ceiling debate was a good thing in the sense. came over. we saw that before. so start to change public opinion. forced the democrats to increase the debt ceiling and start to win over the public. david: one other thing that is extraordinary, how? you have a media that allows statements such as the following. this is a statement that was made back in 2011 about the 2000 volt budget. this budget includes a five-year non security discretionary spending freeze, reducing the deficit and this will bring spending to the lowest level since president eisenhower sat in the oval office. statements like this are so far removed from the truth. in fact, this president has increased spending to 25 percent of gdp, whereas it was 20 percent of the bush ministration. it was 16 percent under eisenhower. so they say these things and the press does not correct in. have you went public opinion that that? >> i think that was set on saturday night live, was the? david: no. taken seriously. >> well, first, you get a spokesman. the "wall street journal" said the other day, each house shou
CBS
Jan 23, 2013 7:00am PST
cuts. it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the p
CBS
Jan 27, 2013 8:00am EST
a compromise to avert the so- called fiscal cliff. house republicans agreeing to suspend the debt ceiling in exchange for senate democrats agreeing to pass a budget. all this comes as deputy -- as defense secretary leon panetta prepares to retire and former nebraska senator chuck hagel awaits senate confirmation to take his place. carter served for more than two years as the defense acquisition chief where he drove acquisition logistics and efficiency reforms becoming deputy secretary in october 2011. dr. carter great to have you back. >> thanks, good to be here with you vago. >> something that's been making headlines is secretary panetta changing the guidance to allow women to serve in combat roles that had been closed to them at one point on a standards based sort of way. but physical fitness standards aren't the same for both sections. are you guys -- sexes. are you guys going to have to establish new standards to make sure they are up for the task? >> we're not going to change standards that matter for war fighting capability. and 237,000 now positions that used to be closed to women
CNBC
Jan 22, 2013 4:00am EST
and texas instruments. house leaders are expected to vote tomorrow to extend the debt ceiling deadline until may 19th. the gop measure doesn't specify an amount, but would lead let the government borrow what it needs to meet its obligation for that period. the strategy shift was agreed to last week and would let republicans focus on other fiscal fights in march such as ook automatic spending cuts delayed by the deal and the potential resolution. julian callow is still with us. julian, do you take this news as a positive development for markets or are you concerned about still the prospect of a government shutdown as others are calling for once we hit some of those further deadlines? >> yeah. i think that is quite positive, really. it shows that there is some desire not to up the vote too much on the side of the house. republicans at this stage. i think it's actually very important if we think about what it means for both financial markets and for the u.s. economy. obviously, financial market conditions have improved noticeably. there's less uncertainty around. that should come through in ter
Current
Jan 23, 2013 6:00am PST
's going through? punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it over and over and over again but it doesn't stick. don't under
CSPAN
Jan 28, 2013 7:00am EST
. and we have sort of the best to come yet because we haven't decided on the debt ceiling and spending. and so this is where we really need leadership, which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. i think we will do here. but it would be nice if we didn't have to go to the cliff each time to do it. >> and again, when you start talking about the kind of relationships and the kind of leadership, you know, we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal in getting it down. you broach the whole growth of growth and jobs, and that is the answer to all of us. you also talk a lot about contagion on this one. we all sensed that if the european situation got worse, and they represent 23% of world gdp, the effect it's going to have on the united states, india, brazil, it's going to be real. and so with 40% of export coming here to the united states and so forth, all of a sudden we started to see
FOX News
Jan 22, 2013 8:00am PST
are playing their version of let's make a deal over the debt ceiling. tomorrow the republican-controlled house expected to vote on a bill allowing the government to borrow money through may 18th. but they want something in return. chief congressional correspondent mike emanuel live in washington with the details. what is the latest? >> reporter: as part of raising the debt ceiling the house republicans will demand that the senate pass a budget with spending cuts included and will try to force getting it done by april 15th. a short time ago the top senate republican issued this call to action. >> and so it's my hope that the president will finally be willing to do what republicans have been asking him to do since his first inauguration four years ago and that is to work with us on identifying durable solutions to the problems that we can only solve together. to put aside those things we know we can't agree on and focus on what we can agree on. and we should start with spending and debt. because if we don't get a handle on that nothing else matters. >> reporter: bottom line republicans recognize
PBS
Jan 21, 2013 6:30pm PST
it work for the fiscal cliff debate. seems to be working for the debt ceiling debate. expect every major issue in the coming months and years to be a major campaign style event. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him to act on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim res
LINKTV
Jan 21, 2013 2:00pm PST
to be working for the debt ceiling debate.at expect every major issue in the coming months and years to be a major campaign style eve. >> obviously it sounds like there will be a lot of focus domestic issues. what about foreign policy? >> history shows us that presidents in their second term focus more on foreign policy than the first term and try to forge a legacy. bill clinton did that in his second term. barack obama will try to focus more on the middle east, maybe more on syria. the most pressing issues are domestic. his voters expect him toct on that. he will attack in the first two years. history also tells us after the midterm election of a second term president start to fade away into sort of a lame duck status. >> interesting analysis there. thank you very much, max. in more international news suicide bombers and gunmen attacked afghanistan's travel police leaving three officers dead and more than three wounded. rather assault began at dawn at the entrance to the complex, the second coordinated raid in as many weeks. taliban claim responsibility. it is feared there could be
FOX News
Jan 22, 2013 9:00pm PST
of tomorrow's voigte on the debt ceiling. is congressman mccarthy, i promoted you earlier. welcome back. >> thanks for having me. >> sean: and going back to the issue, we played it it, that's all that he said about the economy, 8.3 fewer americans are working today than there were four years ago, what is your reaction to that? >> well, just shows you how out of touch eghe is. normally when the president is reelected, remember, no landslide. you work together, find common ground and work ford. this person's goal is to break the republican party. he's out of touch where america is at and it's more of a speech after progressive party agenda not something for all of america to get behind. >> sean: how ironic, too, the president lecturing the americans on tone and did you remember of talking about mitt romney and a steel worker's wife? >> and when you work on a president's speech in the inaugural, you usually have a take away line. what is the take away line. normally when the election is over, it's time to govern, he moved the campaign committee going when he can't run for further office. t
FOX News
Jan 22, 2013 6:00am PST
the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfast at a restaurant he
CNBC
Jan 23, 2013 6:00am EST
's scratching their heads. and now with the possibility of having the debt ceiling extension out to may, what you're going to see now is traders and other people that have positioned themselves to sell short-term volatility and buy it out to march. especially in the vix. now that's going to get rolled out to april, to may. you'll see this continued complacency. and when i say complacency, i don't think that's a bad thing. but the continued complacency in kind of this area of low volatility. that's just going to get extended out now. we get a couple more big earnings or good earnings surprises. and say apple comes out today with -- with some good guidance, we could see the vix call to the 11 handle which is really -- that's almost unprecedented. >> continued complacency, but the news of earnings is pushing forward? you can't fight the trend? >> no, you can't. what i'm seeing is traders especially that have wanted to be short or traders that have been buying, you know, upside calls in the vix, they're almost ready to throw in the towel. it's almost -- i don't. to say a capitulation, but guys do
CNBC
Jan 22, 2013 6:00am EST
. think debt ceiling when we return. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. >>> welcome back, everybody. the s&p is indicated slightly down as the is dow jones. the nasdaq is staying higher. we did hear from dupont which came in with better than expected numbers and ta dow component is up by 1% at this point? >> if you split the bid and the ask, it would be. >> 1.4% from the free market. >> our headlines this morning, a tropical storm intense fieging off of australia's coast. it's bringing nearly half the world's iron ore trade to a halt today. right now, let's get today's national forecast. reynolds wolf joins us from the weather channel. reynolds, it's great to see you this morning. >> great seeing you guys, too. the story down unde
FOX
Jan 22, 2013 7:00am PST
. the debt ceiling debate is in the spotlight. as kyla campbell reports there's an important meeting planned today and a vote planned for tomorrow. >> reporter: mike thompson is part of a house committee holding a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five- year high last year. that should bode well for the markets. dow jones is down a little bit. right now, the nasdaq also down, but the s&p s&p, posting a little bit of a -- but the s&p posting
CSPAN
Jan 27, 2013 2:00pm EST
to decide on the debt ceiling and spending. and so this is where we really need leadership which we were used to. i tend to be an optimist about the united states because people gave up on us on vietnam, on the watergate crisis, and we came charging back. and i think we'll do it here. but it would be nice if we didn't have to go to the cliff each time to do it. >> well, you know, and again, when you start talking about the kind of relationships and the kind of leadership, you know, we till seem to have -- we still seem to have this atmosphere where people talk more at each other than trying to find some common ground, some common goal in getting it down. and, you know, you broached the whole goal of growth and jobs, and that is the answer to all of this. you also talked a lot about contagion. on this one. now, we all, you know, sensed that if the your -- european situation got worse and they're representing 22% of gdp, you know, the effect it's going to have on the united states, india and brazil is going to be real and everything. so with 40% of their exports coming here to the united s
CNBC
Jan 24, 2013 9:00am EST
on senate democrats to make a move on the debt ceiling. joining us this morning, senator bob casey, a democrat of pennsylvania, vice chairman of the joint economic committee. senator, good morning to you. >> good morning. good to be with you. >> so the house says no budget, no one gets paid. you have introduced legislation if there's a shutdown, no one gets paid. why don't we stop paying everybody and just call it a day? >> well, look, i think it's important that we have measures introduced to hold folks accountable for what i think would be irresponsible behavior to allow default. but i think we are moving the right direction now. there is action by the house, there's a positive step. we have to build on t but i think it will pass. and it give, i think, some certainty on this specific question of the debt ceiling and the question of default, because we know from 2011, the adverse impact 2,000 points in the -- that the dow lost. we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lo
FOX News
Jan 21, 2013 3:00am PST
a proposal. they said hey, we'll lift the debt ceiling if for the next three months you give us a budget, senate and the president. get together on a budget so we can go through the normal budget process. does that show republicans ac question yes, sirring or showing they're coming to the table more? >> you know, because i've been on shot and die it every monday with you, because i happen to like you and the show very much, all three of you, we have a lot of fun. i also know you have high ratings, so i'm very honored. i've been talking about this for weeks with you. we have to do something with regard to spending. we have to do something and we have to do it fast. and everybody, i think we missed a great opportunity and this is what we've been discussing when they didn't go over the cliff because if you went over the cliff, you would have been over the cliff for 24 hours before everything was solved with the big picture. if they gave that you opportunity, i think that at this point, if the 14th amendment is not going to be used, which it might be, i mean, you understand what i mean by t
CNBC
Jan 24, 2013 4:00am EST
world is not smouldering, but greece was not aflame, the united states had just done the debt ceiling. i said you know what? because the ecb finally started acting like the federal reserve, the panic is now over. didn't say the crisis is over, but the panic is over. >> you said carry stability. you talked about tend of financial panic. >> others are saying cautious optimism. >> right. but there's two separations. once we get done dealing with the panic. we'll be farced then we're not part of a business cycle. ben there, sdun this. >> but you've got to get ceiling debate in the u.s. you've got the italian elections. so we will see. >> the perception over here is that the extreme part of the republican party has backed off on this issue of the debt ceiling. >> well, sure, they're extending it. >> that's the perception there. >> steve, there you go. jon fortt better watch out, that's all i'm saying. >> he's covering the economy. we can swap for a while. >> that's not a badi. what do you think, kelly? >> receive, i have the blackberry 11 for the keyboard, right? >> no. you'll elect the virtu
CNBC
Jan 24, 2013 6:00am EST
, you know, when it comes to this debt ceiling issue, or it comes to who's going to be elected, or health care issues or what have you. how is that -- how do you put that in to your investing hat? >> well, everything is a transaction, and it won't have an effect on prices, in any event, unless it has an effect on a transaction. so what i do is i know who the buyers and the sellers are. and then by thinking that through, i think how will it have an effect on transactions. far more important than, over the long term, the leader of a country will have some effect on the whole overall health of the economy. but even -- they can't even res. they're, you know, it's a very difficult challenge. the whole political system. you could be president of the united states and it doesn't mean you can change policy. then, if policy changes, it has to basically change the things that produce -- have an effect on productivity. it's something that's peripheral largely. like, for example, a bigger issue is how does financial transactions work such as if you lower interest rate, and you have nothing
CNBC
Jan 23, 2013 4:00am EST
banks are putting in. we're through the u.s. elections, ahead of the debt ceiling debate. in some sense there isn't an immediate crisis. it's a question now whether ceos can get through the real economic fundamentals. in some ways we're betwiked and between, kelly. >> i like the scarf, ross. >> yeah. that's the point. look, there's plenty to come on our coverage today. let me recap some of the people we're going to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "worldwide exchange." how are the markets looking? >> perfect. we'll check the markets in a second. i want to bring news out of the bank upon spain saying fourth quarter gdp was down 1.not -- 1.7% drop, it was .6 drop. pretty large. and 2012 gdp down 1.3%, down from a contraction of 0.4% in 2011. more difficult news f
CSPAN
Jan 24, 2013 9:00am EST
colleagues for any kind of long-term inquiries in the debt ceiling. so let's get the process moving. no more brinksmanship, no more last-minute deals. the american people have already had to wait four years, four years for a budget from senate democrats. they shouldn't have to wait nearly as long for us to confront a debt that threatens the economy, our jobs and the future of our nation. yesterday, i laid out the remedies of the -- the realities of the fiscal challenges we face as a country. we've delayed facing them long enough. let's put the politics aside and finally do the work we were sent here to do. mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: the presiding officer: the senator from colorado. mr. udall: mr. president, i'd ask unanimous consent that the quorum call be lifted. the presiding officer: without objection, so ordered. mr. udall: mr. president, i also ask unanimous consent i be recognized to speak for ten minutes as if in morning business. the presiding officer: without objection, so ordered.
MSNBC
Jan 23, 2013 3:00am PST
, today republicans in the house are expected to vote on a plan that's going to defuse the debt ceiling crisis at least temporarily. republicans are planning to offer legislation that will suspend the enforcement of the federal debt limit for at least three months, allowing the government to keep borrowing money to pay for all of its current obligations. in exchange, the house gop'ers want the democratic-controlled senate to do something they haven't done in 1,365 days, pass a budget. something that body hasn't done since 2009. now, instead of demanding spending cuts, republicans have added a provision to the bill that would suspend lawmakers' own paychecks if their chamber fails to pass a budget by april 15th. that's a lot like actually the no labels, no budget, no pay plan that that organization's been dealing with, talking about for a long time. michael steele, i think that's a great idea. >> i do, too. >> if you don't do your job -- >> why get paid for it? >> and the democrats in the senate haven't done their job in that many days, why pay them? >> i don't think you should. in fact,
CSPAN
Jan 28, 2013 5:00pm EST
, the largest in u.s. history, or if you can use the debt ceiling, which you cannot in the end pull the trigger on, because even though you could probably go without technical default for months and months, it would be catastrophic. it would mean you'd have to cut spending by 40% overnight which you can't do. so unless you can execute the bluff, don't do it because obama will call it, as he called it on january 1 of this year, as he would with the debt ceiling. don't -- if you can't carry out the bluff. i hope you weren't plauding carrying out the bluff, in which case my entire argument is undermined and has gone nowhere. >> i think that's a small contingent against suicidal charges. >> and they are on suicide watch. i hope their shoelaces have been removed. [laughter] >> so you do what i think the house members and their retreat in williamsburg very cleverly did. you pick your fights and don't try to govern from one house to get very small advances. i thought i recommended last week that in return for a temporary debt ceiling hike of three months, they demand that the senate produce a budget.
FOX News
Jan 23, 2013 3:00am PST
the debt ceiling until may 18. included in that, two caveats. the senate has to come up with a budget, which they haven't since 2009. did you know that that was before the ipad was created. the chevy volt, bieber fever, and instagram. it's about time the senate actually comes up with a budget. also incorporated into this is if they don't, then members of congress would not get any dough. their paychecks would be suspended. >> steve: speak of dough, gretch, joining us right now, did you realize today is national pie day? we've got the owner of grand traverse pie company in michigan. look at that. we've made animation for you. good morning to you. >> good morning, steve, how are you? >> steve: how many pies do you think you've made since 2009 when they last passed a budget in the senate? >> oh, boy. we've made few hundred thousand pies. i think we've done our work. now we need others to do their work. >> steve: you actually do work with the dough, where the dough is real, unlike funny dough. >> yeah. and the thing is, you combine cherries and blueberries and you get a compromise of the
MSNBC
Jan 25, 2013 3:00am PST
and says, how do you run a country with debt-ceiling debacles, fiscal cliffs with no decisions being made? and so it's a little bit like that old line, i didn't leave my heart. my party left me. i think a lot of big businessmen feel republicans have just gone a little bit crazy, and they are sort of now a group without a home because they're not democrats either. but it's another problem area for republicans. >> you saw that during the fiscal cliff. you know, when you had this parade of these big ceos going down to washington, more engaged arguably than any time in the last several years, but yet it didn't really have an impact at all. and i think part of that is because their message was, you've got to compromise, but part of that is because they weren't really saying anything specifically. they weren't hyper-engaged in a way they were calling them up and said there's what you have to compromise on. it was appealing to the mass populous. >> that group which i'm involved with left really disappointed/disgusted with what goes on in washington. >> as we all were. >> right. >> and that's tru
CNN
Jan 24, 2013 4:00pm PST
one thing at one time. it's not as if you can do gun control and immigration and the debt ceiling. guess what, we're paying these people, they have tons of staff, they can do more than one thing. the question is not do you have political capital, the issue is, do you have political courage? that's what you need to see more from politicians, courage, and not so concerned about whether or not they'll get re-elected. >> senator feinstein obviously saying it's an juuphill battle, but she pointed to what the voters want. 54%, 44% do not support. obviously, by party, if you broke that down, it could be different. but, again, this question to you. if there is the will to do not a lot on guns, but something, is this the something? >> i think absolutely not. and i think it's really important that you noted that statistic early on. but another thing to note is a lot of the folks who answer that question don't necessarily know what an assault rifle is. these assault weapons are designed essentially by cosmetic features that the gun has, like the kind of grip that the gun has. these are not m
CSPAN
Jan 28, 2013 12:00pm EST
. that has to change. [applause] now, the house won't consider another debt ceiling increase unless the senate passes a budget. and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he tho
CNBC
Jan 25, 2013 4:00am EST
overseeing t.a.r.p. and navigating the financial crisis to facing off with congress against the debt ceiling and the fiscal cliff, here is a look at the past four years as geithner gets set to exit. >> nbc news is now reporting that timothy geithner will be the treasury secretary under president-elect barack obama. >> tim geithner offers not just extensive experience shaping economic policy and managing financial markets. he also has an unparalleled understanding of our current economic crisis. >> the ayes are 60, nays are 34. >> i, timothy f. geithner, i pledge all of my ability to help outline that challenge. we are outlining a new fiscal stability plan. >> will you step down from your post sdmp. >> it is a great privilege for me to serve this president and i am very pleased to have a chance to address the range of concerns you said. i agree with almost nothing in what you said. >> we've got the t.a.r.p. it's suppose to expire. >> we are working to put the t.a.r.p. out of its misery and no one will be happier than i am. >> i am complete confidence in tim geithner. >> lots of great people w
CBS
Jan 22, 2013 7:00am PST
pad wasn't even invented yet. >> congressman, you're going to vote on the debt ceiling. when you make that vote most people believe it's a concession, and you have a new legislative strategy. do you believe you will be able to force a budget by april 15th? >> well, i think the american people expect a more accountable, effective and efficient government. the number one thing all elected officials to do to pass a budget, every household does it. how can you plan for the future how can you do anything the president says he wants to do about investing in the future if you don't have a budget? you can't invest for your kids' college, you can't set aside what you're going to pay for your house payment or anything. the government has to pass one and the senate has not passed one in almost four years. that has caused a lot of the debt and the uncertainty we have today. >> what's going to happen in the house that will force the senate to pass the budget. >> the first thing that will happen is we'll do a short term debt limit increase so it will go to the senate and if the
KRON
Jan 24, 2013 7:00am PST
has approved a bill to suspend the nation's 16.4 trillion dollar debt ceiling through may the 18th. the bill will prevent the u.s. from going into default. senate majority leader harry reid said said the senate will also pass the bill. president obama is expected to sign on to set when it reaches his desk. >> today, the board of trustees will meet to discuss ways to save san francisco city college. the school is on the brink of shutting down. that is because ta accreditation committee found numerous violations with the colleges structure and finances. students and staff met yesterday to talk about the issue. members of the community are anxious about what could happen next. >> still ahead, one bay area school is taking extra precautions to make sure that their students to stay safe. when will show you what changes will take place in lafayette. >> we will be right back. new nehoney nenchencof oofs sgreegryoguyo and aholehorainra herehe we goe honehoy corncoflakesaknd ndunksunf grf k yok rt.rt i'i'm tasttag bog the togurog d thd honehoat tat sam stimeti new how ney buy hes he oat og
CBS
Jan 28, 2013 7:00am EST
could spiral us backward really is if one of these upcoming fights on sequestration or the next debt cellin ceiling, you know, finally causes it to -- >> that is sort of baked in the cake. everybody expects they're going keep kicking it down the road. why, then, do we have a surge in stock market? >> one is that corporate profits are very good. but don't forget, corporate companies are holding that money aside. they don't want to reinvest. they're worried about the economy and it's not that helpful. the season reason is because the federal reserve has kept interest rates so, so low that there's almost no other place for people to put their money. so it's less a function of the real economy and more a function of the extra analynalties. >> so should people in america be hopeful about the economy and jobs? >> i think they should be. housing has turned around both in terms of available pricing, stock, new housing starts. it's not like it was in 2006 but it's better than it was in 2008. to whole issue of fracking may be something for environmentalists but there's no question it's creatin
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